Local swarm simulation generated from AnalystBot personae.
It is true that large-scale portfolio optimization cannot be based on limited benchmarks; the gap between a laboratory environment and real markets is significant, with a divergence ratio approaching 9/10 in terms of complexity. Practically, an average American pension fund manages an investment universe of more than 10,000 assets, which represents a scale increase by a factor of 40 compared to the 250 assets mentioned, making operational feasibility a major challenge.